ICELAND: MOODY'S DOWNGRADES KAUPTHING BANK HF TO A1/C-.

From: IPR Strategic Business Information Database | Date: March 2, 2008 | Copyright information

Moody's Investors Service has today downgraded the bank financial strength rating ("BFSR") of Kaupthing Bank hf ("Kaupthing") to C- from C and its long-term foreign and local currency deposit ratings to A1 from Aa3. At the same time, Moody's has affirmed the A1/C+ ratings of Kaupthing's subsidiary, FIH Erhvervsbank A/S ("FIH"), and the Prime-1 short-term ratings of both banks. The outlook on all ratings is stable. These rating actions conclude the review for possible downgrade orig...

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